Banco de Bogotá (BOGOTA) investor relations material

Executive summary

• Net income attributable to shareholders for 1Q26 was COP 312.6 billion, with ROE at 7.4% and ROA at 0.8%; adjusted for the one-off tax on equity, ROE would have been 10.5% and ROA 1.2%.

• New CEO Juan Carlos Echeverry appointed in March, emphasizing cultural change, value creation, and agility amid a competitive and uncertain political environment.

• Digital transformation initiatives accelerated, with digital channels driving growth and efficiency, and leadership in instant payments.

• No drastic strategic changes planned; focus remains on digital transformation, customer-centric solutions, and strengthening the fortress balance sheet.

• The sale of Multi Financial Group (MFG) was finalized in March 2026, impacting asset and liability figures.

Financial highlights

• Gross loan portfolio grew 7.6% year-over-year and 1.8% quarter-over-quarter to COP 97.2 trillion; deposits totaled COP 103.3 trillion, up 13.3% year-over-year and 5.3% sequentially.

• Total assets were COP 142 trillion, down 8.9% due to the sale of Multi Financial Group.

• Net interest margin (NIM) was 4.5%, cost of risk at 1.6%, and fee income ratio at 21%.

• Operating expenses rose 13.9% year-over-year, mainly due to a new wealth tax; cost to income ratio was 53.2%.

• Adjusted ROE (excluding equity tax) would have been 10.5%.

Outlook and guidance

• 2026 guidance: loan growth expected at 14%, with 6%-8% inorganic; NIM at 4.7%, net cost of risk at 2%, fee income ratio at 21%, cost to income at 51%, and ROE between 7.5%-8.5%.

• Bank expects to maintain strong capital adequacy and focus on digital and funding strategy improvements.

• Forward-looking statements highlight potential impacts from economic conditions, interest and currency rate changes, and other risk factors.